Mt. Gox Repayment Deadline Extended to October 2027

Mt. Gox’s court-approved deadline for repaying creditors has been extended by a year, to October 31, 2027, as the trustee cites incomplete creditor procedures and difficulties processing payments. The new deadline applies to the Base Repayment, Early Lump-Sum Repayment and Intermediate Repayment categories under the rehabilitation plan. Rehabilitation trustee Nobuaki Kobayashi announced the change in an October 16 notice, saying a Japanese court approved moving the deadline from October 31, 2026. He said repayments for eligible creditors who completed the required steps without complications had largely been completed, while some claims remain unpaid because procedures are unfinished or payments have encountered problems. The extension sets a revised deadline for the existing repayment process, but does not specify when individual creditors will receive funds. The notice provided no updated count of unpaid creditors, no current balance of assets remaining to distribute and no timetable for individual payments. It also did not announce a new repayment category or changes to the amounts creditors are entitled to receive. Creditors can submit questions through the online...